Liverpool are expected to be cleared of any financial fair play breaches on Friday, but Hull City will be hit with a small fine by UEFA.
The Reds are one of several clubs absent from European competition last season who have been under investigation by the Club Financial Control Body (CFCB).
The CFCB will meet on Friday and is expected to announce that its investigations into Liverpool have ended without any sanctions against the Merseyside club.
But it is understood that Hull, who played in the qualifying rounds of the Europa League, have agreed to a fine for FFP breaches.
Last year, Levski Sofia and three Turkish clubs were fined 200,000 euros, with Hull's sanction thought likely to be similar.
The CFCB is also expected to announce that investigations into Monaco, Inter Milan, Sporting Lisbon and Roma are to continue.
Liverpool made a loss of 49.8 million pounds for the 2012-13 season and 40.5 million pounds for the 10-month period before that.
But they have been able to write off a big chunk of those losses as allowable stadium expenditure.
The 2011-12 accounts reported that 49.6 million pounds was associated with stadium costs, with 35 million coming from former co-owner Tom Hick's aborted plan to build a new stadium in Stanley Park, which new owners Fenway Sports Group had to scrap.
Last season, Manchester City and Paris Saint-Germain were the clubs hit hardest by UEFA for breaching FFP rules, with each being fined 49 million pounds and given restrictions on transfer spending and a reduction in Champions League squad size.
UEFA is continuing to monitor the two clubs this season, with auditors due to visit City next week.